In more than 40 episodes spanning 75 years, equity and bond fund investors have defied predictions that they would panic and spark crises. Yet banking regulators won’t let go of their “run” scenario. Why?

Mike Pompeo: UK must look after its own ships

U.S. Secretary of State Mike Pompeo made clear that it is up to the U.K. to ensure the safety of its own ships in the Gulf.

Pompeo was asked during an interview Monday on Fox News about the Iranian capture on Friday of the British-flagged Stena Impero oil tanker. “The responsibility in the first instance falls to the United Kingdom to take care of their ships," he said.

Calling Iran a "bad regime," Pompeo said "they've now conducted what amounts to national piracy, a nation state taking over a ship that’s traveling in international waters.”

"The United States has a responsibility to do our part but the world's got a big role in this too, to keep these sea lanes open."

“We don’t want war with Iran. We want them to behave like a normal nation. I think they understand that and I think the whole world is waking up to the fact that this threat is real,” Pompeo said.

The ship, crewed largely by Indian nationals, is currently being held in the Iranian port of Bandar Abbas.